Best Available Software For Portfolio Tracking

The following are some of the best available software for portfolio tracking:

Personal Capital

Personal Capital is a widely used platform known for its powerful financial tools and easy-to-use dashboard. It allows users to see their entire financial life in one place. Setting up an account is quick, and once you connect your bank, credit card, and investment accounts, the software creates a personalized financial dashboard. This dashboard offers a complete view of your net worth, cash flow, spending patterns, and investment performance.

One of the platform's most impressive features is its investment checkup tool. This tool analyzes your portfolio’s asset allocation and compares it to an ideal distribution based on your financial goals and risk tolerance. It also reveals hidden fees in your investment accounts, helping you save money and improve long-term returns.

In addition to investment insights, Personal Capital includes tools for retirement planning, budgeting, and savings goals. While the platform also offers paid wealth management services, the financial tracking tools are entirely free and packed with value for individual investors.

WiseBanyan (Now Axos Invest)

WiseBanyan, which has rebranded to Axos Invest, was the first robo-advisor to offer free automated investment services. It was created with the aim of making investing more accessible to everyone, especially beginners looking for a simple way to start.

The platform builds custom investment portfolios based on each user’s financial goals, risk profile, and timeline. After defining your goals—such as saving for retirement or a large purchase—WiseBanyan creates a diversified portfolio and manages it automatically.

Core features include automatic rebalancing, dividend reinvestment, and goal tracking. Although the base services are free, users have the option to purchase premium add-ons, such as tax-loss harvesting and personalized financial advice. For anyone new to investing who wants a hands-off experience without paying management fees, this platform is a solid option.

Mint

Mint is a popular personal finance management tool developed by Intuit, the same company behind QuickBooks and TurboTax. It offers a well-rounded approach to managing your financial life and is particularly strong when it comes to budgeting and tracking daily expenses.

Once you link your accounts, Mint gathers all your financial information in one place. It tracks checking and savings accounts, credit cards, loans, and even investment and retirement accounts. The platform automatically categorizes transactions, helping you understand your spending habits and identify areas where you can save.

Although Mint’s investment features are not as advanced as those of dedicated investment tools, it does provide an overview of your investment balances, asset allocation, and performance trends. It’s particularly useful for users who want to manage their overall financial life from a single platform.

Final Thoughts

Each of these tools brings something unique to the table. Personal Capital offers deep insights into your investments and helps with long-term financial planning. WiseBanyan, now operating as Axos Invest, is great for those looking to automate their investing journey with no fees. Mint stands out for its budgeting and everyday money management features, with basic investment tracking included.

With the help of these free software solutions, tracking your portfolio no longer has to be a complicated process. They provide clarity, control, and confidence, empowering you to make informed financial decisions and grow your wealth more effectively.